The Industry Ministry of Indonesia still targets to see some limited growth in Indonesia's cigarette industry this year despite another excise tax hike per January 2018. Abdul Rochim, Director of Food & Beverages, Tobacco Products, and Refreshments at the Industry Ministry, acknowledged that Indonesia's cigarette industry has been under pressure in recent years but remains optimistic that it will not lead to another declining performance in Indonesia's cigarette industry in 2018.

Lanjut baca ›

Growth of Indonesian footwear exports is expected to remain below 10 percent year-on-year (y/y) in 2018. Sigit Murwito, Executive Director of the Indonesian Footwear Association (Aprisindo), expects Indonesia's footwear export growth to be in the range of 6-7 percent (y/y) in 2018.

Lanjut baca ›

Domestic coal demand in Indonesia is estimated - by the Indonesian government - to reach 114.51 million tons in 2018, up around 6 percent from estimated demand in 2017. Bambang Gatot, Director General for Coal and Minerals at the Energy and Mineral Resources Ministry, said coal-fired power plants remain the biggest domestic consumers of coal.

Lanjut baca ›

Bank Indonesia, the central bank of Indonesia, said credit growth in the domestic banking sector reached 7.4 percent year-on-year (y/y) per November 2017, lower than the growth rate in the preceding month (8.1 percent y/y). In absolute terms credit growth in Indonesia's banking sector stood at IDR 4,635 trillion (approx. USD $343 billion) in the January-November 2017 period.

Lanjut baca ›